Toyota’s sales in China may grow more than 10 percent next year

Article by Christian Andrei, on August 26, 2010

Toyota Motor Corp.'s sales in China are predicted to increase by over 10% next year, Masahiro Kato, president of the company's China business, told reporters in Beijing. He also said that Toyota is expected to meet its 2010 target to raise deliveries by 13% to 800,000 vehicles.

Earlier this week, Toyota introduced the Lexus RX 270 sport-utility vehicle, the IS 250 sedan and the IS 250C convertible in China.

The rate of China's industry-wide passenger-car deliveries is at its slowest pace since March 2009 with a 13.6% increase in July.

This is attributed to the drop in demand as inflation reduced disposable income and as government undertook some steps to cool the economy. The Daiwa Institute of Research said that sales could begin shrinking as soon as September.

Kato said that Toyota's August sales in China are better in July, when deliveries rose by 1% to 64,200 from a year ago.

Kato said that the recall of 75,552 RAV4 sport-utility vehicles in February to repair gas pedals that may stick has had "no major impact" on the Toyota brand in China. He even said that sales of the model were better than expected.

Topics: toyota, sales, china

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